MOUNTAIN VIEW, Calif., Oct. 24, 2017 /PRNewswire/ -- RSi (Retail Solutions, Inc.) is excited to announce that they have developed a new standalone "OTIF Visibility" service product to accommodate customers' needs and support other CPG companies at Walmart with On Time and In Full (OTIF). By providing accurate visibility of potential gaps in the supply chain RSi aims to help vendors at Walmart be able to deliver orders in full and on the delivery date with few exceptions.
"RSi is continuously looking for innovative ways to help our customers succeed in the marketplace," remarked RSi CEO, Bert Clement. Clement continued, "OTIF Visibility gives our customers the ability to identify patterns within their supply chain and limit their financial exposure. For a customer with a 6% improvement on their OTIF score, they could reduce fines by 10%."
Walmart instituted a new On Time and In Full (OTIF) metric to measure vendors' supply chain performance. OTIF is the percentage of total cases received within the delivery window versus total cases order. Achieving high OTIF scores enable suppliers to maintain on-shelf availability through improved flow of merchandise from their fulfillment centers to the shelf, allowing store associates to spend more time serving customers rather than managing inventory in the backroom.
"We are eager to help Walmart vendors successfully address this challenge with a forward thinking solution," added Brad Pope, General Manager Walmart and Vice President Analytics and Reporting for RSi. "With RSi OTIF Visibility, our customers will be able to use historical trends to understand where their OTIF scores could be in 4 weeks and thus take action accordingly."
RSi's OTIF Visibility is an automated solution, providing ongoing historical data with the ability to aggregate it across time. OTIF Visibility's built-in dashboards allow end users to identify patterns and drill down to DCs, POs and associated items for quick recognition and prioritization of problem areas. These insights help vendors to determine potential root causes quickly, and spend more time proactively improving their OTIF scores through supply chain optimization.
About Retail Solutions, Inc. (RSi)
RSi transforms data into value -- in the store, on the shelf and with shoppers worldwide. To achieve operational clarity and measure performance daily, the world's leading companies turn to RSi to transform their data into actionable insights. As the leader in data management and retail execution, our goal is to bring operational clarity to our customers so they can operate their business more successfully. From solving out-of-stocks to driving inventory down, from optimizing sales strategies to determining marketing ROI, RSi helps to cut costs and improve sales. For over thirteen years we have been a trusted, massive data and analytics partner to more than 225 retailers and over 500 CPG companies, including such household names as Colgate-Palmolive, Nestlé, the Procter & Gamble Company and Unilever. RSi is not affiliated with, sponsored by, or endorsed by Walmart Stores, Inc.
Other Barcode News:
- TrueCommerce Announces Amazon Marketplace Integration
- Used, For Sale - 400 pcs Symbol/Motorola MC9000 PDA - Wireless Terminal
- Digimarc Expands Global Footprint With Strategic Hires in Japan and Europe
- Launch of Trace One Network provides a unique industry solution to help retailers
- UBT Equips DC Trails’ With RFID Hop-On Hop-Off Double-Deckers
- Global Chipless Rfid Market - Forecasts & Trends (2017-2021) - Research and Markets
- Global Chipless RFID Market Forecast
- #Money2020 Clinc Partners with Enacomm to Connect Financial Institutions
- Threadless Expands Artist Community by Acquiring Bucketfeet
- Frost & Sullivan Recognizes Intrinsic ID with Technology Leadership Award for IoT Security
Get The Bar Code News once a month, once a week or once a day. Subscribe here.
Follow us on Twitter: https://twitter.com/TheBarCodeNews
Follow us on Facebook: https://facebook.com/TheBarCodeNews